Section 681BM Lease, lessee, lessor and rentF1C1
United Kingdom
This section applies for the purposes of this Chapter.
“Lease” includes—
an agreement for a lease, and
any tenancy.
“Lease” does not include a mortgage.
A reference to a lessee or lessor—
is to be read in accordance with subsections (2) and (3), and
includes a reference to the successors in title of a lessee or lessor.
“Rent” includes a payment by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out; and “premises” here includes land.
In the application of this section to Scotland “mortgage” means—
a standard security, or
a heritable security, as defined in the Conveyancing (Scotland) Act 1924, but including a security constituted by ex facie absolute disposition or assignation.
Annotations
Textual amendments
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Pt. 12A Ch. 2 inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 3 (with Sch. 9 paras. 1-9, 22)
Modifications
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S. 681BM applied (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 9 para. 41(4) (with Sch. 9 paras. 1-9, 22)
Notes on Part 12A
Textual amendments
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Pt. 12A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 2 (with Sch. 9 paras. 1-9, 22)